Indonesia’s central bank reported a rise in FX reserves by about USD 200 mln, totaling USD 137.7 bln in July, mainly driven by higher tax collections. This stockpile can cover 6.2 months of imports, solidifying Indonesia’s external stability and surpassing the global standard of three months of import coverage. The country’s GDP growth in Q2 2023 was 5.17% YoY, slightly better than Q1’s 5.04% and surpassing the 4.93% projection from a Reuters poll.